The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-04
FINANCE and COMMERCE.
HONEY 8 PER CENT, NEW YORK
EXCHANGE Is PREMIUM.
Cotton Dull-Middling Cotton, 9sc-
Sales Today 80
Bales.
OFFICE,

WEDNESDAY Evening. August 5, 1857.
Money firm aud in good demand at
sper cent, and with supply sufficient
for all moderate calls. Nothing was
done at the Stock Call board session
today In the line OF either bids, offer.
ings or Esles.
The local cotton market closed dull,
and spots declined &c.
At New Orleans spots closed easy
and unchanged; futures closed easy
and of ] 10 2 cents on the old crop,
and 8 TO 4 points of on the new.
Liverpool spots were quoted freely,
supplied at irregular rates, and closed
unchanged; futures closed at a de.
slime Of Sto points.
The New York epCt market was
easy and unchanged, and in futures
August declined 8 points; September
advanced 1 point on the new crop
Months and went up point.
A lesding New York cotton circular,
Of the Sd, Gays Of the future market:
Gan irregular tone prevailed, with
the run OF cost generally lower.
During the early portion Of the day
continuation Of tame accounts from
Liverpool bad depressing IL Aaence,
and under rather ires selling there
Was q shIinksgo OF lO@12 points.
October ehoEed greatest weakness,
but sfterwsrd more or less unisvora-
BILE crop advices created reactionary
feeling and there was recovery that
put the late months back to about last
evsnings figures, or fraction higher,
and the c!ose was steady. August
went of IL points and recovered 8
points, but was quiet and without
feature OF special significance for the
day."
Messrs. O. L. Deetisn & Co., Matan.
zas, issue their annual statement,
showing the Cuban sugar crop as 626,.
40 tons, against 500. 07S tons last year,
a deficiency Of 6s,s5s .oss, or OF per
cent. The stock remaining In all the
island, July lst, Ia given as equivalent
TO lsl, $50 tons, against 267, 344 tons
last year, which probably means about
$1,000 tons less sugar than last year TO
the Emitted States Tor balance OF year.
The New York Commercial Bulle-
tin, Of the Let, Oilers an explanation Of
the August cotton deal as follows:
''Ths recent violent fluctuations In the
value Of August cotton contracts has
attracted attention, and probably ere.
ated q false impression as to their i'm.
portance. The facts are that the
month amounts 10 little, except as an
instrument In the hands OF spectators
TO create "tone" for the new crop con.
tracts, and swing Of S0S40S50 points
means nothing but manipulation on
which no one really need suffer unless
reckless enough to put himself In the
way OF undergoing q twist at the hands
Of those who control August options.
II required "a points drop In August
on Saturday 10 hammer of 8 points on
the later months, and then the entire
market took an upward turn, with
new crop closii z 8 points above the
previous session. Spots dropped 10
10c for mlddllng, with large business
done, includins 600 bales for export"
INF. mrs.
-Four hnndred and ninety SKIS ban,
AZ pkgs butt4r, 7aJ rolls bsgglng, ia
pkgs bHoon. s22 pigs boots and shoes,
1000 bu corr, ITO pkgs cheese, 600 sks
cotton seed, rs okgs dry goods, ~ pkgs
egge, 922 bils -four, 6sS bales hay, 900
pkgs hats, 800 pkgs lard, ll4,0O0 feet
lumber, a pkn liquors, 3 ca lime,
40 bbls Of lime, 800 bbls meal, 500
kegs Dsils, 5000 bu oats, 4 cara pork
SIDES, 200 bbls sugar, $50 pkgs tobacco.
$500 bu wheat.